Franklin BSP Realty Trust First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Franklin BSP Realty Trust (NYSE:FBRT) First Quarter 2024 Results

Key Financial Results

• Revenue: US$51.1m (down 12% from 1Q 2023).
• Net income: US$29.2m (down 20% from 1Q 2023).
• Profit margin: 57% (down from 62% in 1Q 2023).
• EPS: US$0.36 (down from US$0.44 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Franklin BSP Realty Trust EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) exceeded analyst estimates by 37%.

Looking ahead, revenue is forecast to grow 1.8% p.a. on average during the next 2 years, compared to a 30% growth forecast for the Mortgage REITs industry in the US.

Performance of the American Mortgage REITs industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for Franklin BSP Realty Trust you should be aware of, and 2 of them shouldn't be ignored.

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